Day trading guide
Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI
Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS and SBI. Based on the trend, it also gives intraday trade recommendations with specific entry as well as stop-loss levels. The mentioned resistances and supports will be the exit levels. Do note that the recommendations are based on Technical Analysis and there is a risk of loss in trading.
âı1367 ⢠HDFC Bank
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1350 |
1320 |
1380 |
1420 |
Near-term view is negative. Go short if the stock falls below 1350. Keep the stop-loss at 1365. |
âı1500 ⢠Infosys
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1495 |
1470 |
1530 |
1555 |
Trading across a horizontal trend and lacks direction. Refrain from trading this stock. |
âı268 ⢠ITC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
264 |
260 |
272 |
277 |
Near-term outlook is positive. Go long if the stock rebounds from the support at 264. |
âı163 ⢠ONGC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
155 |
150 |
164 |
169 |
Rally might be capped at the current level. Short with stop-loss at 170. |
âı2724 ⢠Reliance Ind.
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
2670 |
2630 |
2785 |
2850 |
Initiate fresh short positions if price falls below 2700. Stop-loss can be at 2760. |
âı471 ⢠SBI
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
460 |
450 |
476 |
485 |
Strong resistance ahead at 476. Short if the stock moves up to 476 with stop-loss at 485. |
âı3404 ⢠TCS
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
3350 |
3315 |
3420 |
3460 |
Outlook is bearish. Initiate fresh short positions now and at 3450 with a stop-loss at 3520. |
16355 ⢠Nifty 50 Futures
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
16350 |
16225 |
16440 |
16500 |
Trend is bearish. Short now and on a rally to 16440 with stop-loss 16500. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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